Thursday, November 13, 2014

NJSA 3B:5-5.1 Diligent Inquiry by Fiduciary to Find Heirs

1.If
it appears to a fiduciary administering an intestate estate that there may be
individuals whose names or addresses are unknown who may be entitled to
participate in the distribution of the estate, the fiduciary shall make a
diligent inquiry, under the circumstances, to identify and locate the
individuals. The actions taken by a fiduciary shall be those that have some
reasonable likelihood of finding the individuals and are reasonable in cost
compared with the amount of the distribution involved.

L.2001,c.109,s.1;
amended 2004, c.132, s.48.

For
more information, go to http://njwillsprobatelaw.com/3b_5-5_1.html?id=2191&a=